The Goods and Services Tax (GST) has left students wondering if they would need an increase in pocket money after the tax reform.
GST impact on students: The Goods and Services Tax (GST) has left students wondering if they would need an increase in pocket money after the tax reform. While the impact of the GST has not affected education expenses much as yet, students are wary that their expenses might now increase. Eating out occasionally may prove to be more expensive now. Dhruv Mavani, a student in Vile Parle told the Indian Express that the restaurant expenses that came about Rs 500 earlier, now range around Rs 700. Such an amount is beyond the capabilities of students’ average pocket money, he said. GST for non-AC businesses which don’t serve alcohol is 18 per cent, lesser than the earlier 20.5 per cent tax. But the canteen charges may not be affected, according to college principals. Principal Dr Hemlata Bagla of K C College told the Indian Express that prices have risen marginally but the students would not need more pocket money. The rule being new is causing confusion and more clarity is needed, she said. Workshops are being held at some institutions to dispel the confusion among students.
Dr Bagla said that their college has been conducting workshops since January and a more recent workshop was held in June. Students feel that special sessions should be conducted on the new tax since it affects their daily life. Pranoy Hegde, a student at N M College told the paper, “Teachers should definitely discuss GST with students because it’s very common for students to base their opinions on political affiliations and not look at things rationally. Although students don’t necessarily need more pocket money, it makes sense for our allowances to be raised nominally to keep up with the taxes.”